Asset Report
LIM Stage I iron ore mine
Report summary
Labrador Iron Mines (LIM) Stage I is a small, currently-idled surface mine located approximately 1,100 kilometres northeast of Montreal, in the border of Newfoundland and Labrador, and Quebec, Canada. In 2013, LIM announced it'd be idling the operation due to a combination of persistently low prices and negative cash flows. The company now plans to focus on securing new financial arrangements to design a lower-cost framework at its Stage II Houston mine. Given uncertain market conditions, LIM's financial struggles and the uncertainty around potential financing, we do not currently include either Houston or a Stage I restart in our base case forecast. The 2025 potential production start-up is related to Houston project. As LIM does not own any of the rail links to export, it must pay tariffs to access each of the rail lines. Thus, when operational, the mine used to have the highest per-tonne transport cost in our Canadian dataset.
Table of contents
- Summary
- Key issues
Tables and charts
This report includes 12 images and tables including:
- Detailed map
- Participation
- Marketable reserves (as at 01/01/2023)
- Production
- Production
- Operations
- Infrastructure
- Cash cost
- Cash cost
- Capital cost
- Product quality
- Economic assumptions
What's included
This report contains:
Other reports you may be interested in
Asset Report
Middleback Ranges iron ore mine
Following government approval, Middleback Ranges expanded to new pits in the South Middleback Ranges area to support the tons.
$2,250
Asset Report
Sino Iron iron ore mine
Sino Iron is Australia's largest magnetite mine. Concerns over land access for future tailings remain and may impact future production.
$2,250
Asset Report
South Division (Malmberget) iron ore mine
LKAB are relocating part of the local community in order to continue mining at Malmberget.
$2,250
